India’s Financial Intelligence Unit has notified some exchanges of the need for compliance, saying they are operating illegally in the country. The agency named top global exchanges including Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex among those not…
Following the uplifting of the ban on banks in Nigeria, the crypto community expressed their excitement about the new rules. In a December 23 publication, industry leaders who collaborated with the Central Bank of Nigeria (CBN) in revising the existing crypto regulation…
Bitcoin has been the leading crypto asset by market capitalization since the inception of crypto. It is also currently the largest by market cap, and price per unit, which is much larger than Ethereum, the second largest. However, an analyst, André Dragosch…
Bitcoin has grown rather quickly in December, reaching a high of over $45,000 for the first time since 2022. This generated momentum for the general market, causing altcoins to also pump, reaching remarkable recovery. The rally has cooled down since and Bitcoin…
In a recent report, KyberSwap revealed plans to downsize following the multi-million dollar exploit that plunged the company into financial woes. The report demonstrated that the Singapore-based decentralized finance protocol will reduce 50% of the workforce to remain afloat. A statement from…
Head of the Hong Kong Monetary Authority (HKMA) Eddie Yue says stablecoins could bridge the gap between traditional finance and crypto. He made the statement following the joint release of a consultation paper today by HKMA, the Financial Services and the Treasury…
As Japan seeks to become a go-to destination for crypto firms, the regulators have agreed to loosen the regulation for digital assets. In a recent Cabinet meeting, policymakers agreed to remove the tax imposed on unrealized gains from crypto investments. An unrealized…
As the anticipation for a Bitcoin ETF approval in the U.S continues to grow, experts are eyeing Hong Kong as the next big destination for Bitcoin ETFs. This consideration is coming because of Hong Kong’s crypto-friendly stance, which started in November 2022…
The president of Turkey, Recep Tayyip Erdoğan, has appointed Professor Fatman Ozkul to the central bank board. Professor Ozkul’s appointment demonstrated Turkey’s commitment to tap into the benefits of crypto and blockchain technologies. In a December 22 report, President Erdogan confirmed Professor…
On Friday, the leading game developer in South Korea, Wemade, teamed up with Whampoa Digital to launch a $100 million Web3 fund. In the December 22 report, the two companies stated that the newly launched Web3 Fund will focus on the development…
USA-Recovery Review The growing number of online scams is indeed an issue for a lot of people. It can have a significant impact on the overall financial and physical well-being of an individual. While there is a lot of information that you…
In an official report, the team behind Claude AI Anthropic revealed plans to launch a $750 million funding round led by Menlo Ventures. The artificial intelligence development company anticipates that the multi-million investment would propel the firm’s value to reach $18 billion. …
In a recent report, the American-based advisory firm Teneo confirmed that assets totaling around $1.4 billion had been frozen linked to the now-defunct hedge fund Three Arrow Capital (3AC). The decisive action to freeze the multi-million dollar capital aimed at barring the…
Amboss Technologies, a Bitcoin Lightning Network payment solutions provider has launched Ghost Addresses that allow users to directly receive payment. This takes the control of crypto payments from the dominant custodial wallets on the Lightning network and gives control to individual users. …
Anti crypto senator Elizabeth Warren has come under attack for asking that stricter measures be employed in dealing with crypto. Top crypto players such as Coinbase CEO Brian Armstrong and others have reacted to her recent move to bring more oversight to…
As we approach the long-awaited Bitcoin halving, crypto miners have invested heavily in acquiring new infrastructures to maximize their profits post-halving. Marathon Digital has joined the slew of miners preparing for the 2024 Bitcoin halving. In a December 19 report, the Marathon…
In a strange turn of events, China, one of the countries with the strongest anti crypto rules, has announced it will boost non-fungible tokens (NFTs) and decentralized applications. This is part of China’s strategy to embrace blockchain technology, the technology upon which…
A report from the Montenegro court revealed that the founder of the Terraform Labs, Do Kwon, might not be extradited to the US. The court reversed its earlier ruling to extradite the disgraced crypto investor to either the US or South Korea. …
In an advanced report dated December 18, the prominent Bitcoin miner in Canada Hut 8 signed an interim agreement with Celsius creditors to establish a new mining site in Cedarvale, Texas. The bankrupt crypto lender Celsius Network has sought to attain its…
Second largest meme token by market capitalization Shiba Inu has partnered D3 in an effort to bring interoperable domains to web3. The partnership will see D3, a next-generation domain company assist SHIB to apply for the .shib TLD through ICANN during its…
